With this ownership move, Rodgers becomes the only active NFL player to have a stake in an NBA team.

"I am excited and honoured to deepen my connection to the region by joining Wes Edens, Marc Lasry, Jamie Dinan, Mike Fascitelli and the ownership group of the Milwaukee Bucks," Rodgers said in a statement.

"As a huge fan of the NBA and the sport of basketball, this is a dream come true for me, and I look forward to furthering my affinity for Wisconsin sports as a minority owner in a team I love and support."

Rodgers, a native of Chico, California, was sitting courtside with his girlfriend, former NASCAR driver Danica Patrick, and received a standing ovation when the announcement was made.